GM PRO CONCEPT
ActiveSummary
GM PRO CONCEPT has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18,002 and a net result of €5,744. Equity is growing by ~58.8% per year across the filed fiscal years. Its solvency ranks better than 58% of 9559 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability96▼-4
Solvency87▼-8
Growth78=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,000 at 30 days acceptable
Liquidity ample (current ratio 1.69 against 1.77 in 2024; short-term debt: 25.8% and cash: 15% of total assets), and 38.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.9%
Return on assets
19.8%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 24-04-2026, 6 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
6 d early
2024
30 d early
2023
22 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 19 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 9 April (3 of the last 3 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
€24,558
EBIT margin
30.9%
Net result
€5,744▼ 33.8%
2024 · €8,672
Working capital
€5,151▲ 27.8%
2024 · €4,031
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line202320242025
Turnover€24,558
Operating result€1,579-€11,026▲ 598%€7,594▼ 31.1%
Net result€586below the sector's middle half-€8,672within the sector's middle half▲ 1,379%€5,744within the sector's middle half▼ 33.8%
EBIT margin30.9%
Equity€3,586below the sector's middle half-€12,258below the sector's middle half▲ 242%€18,002below the sector's middle half▲ 46.9%
Total assets€10,172below the sector's middle half-€17,495below the sector's middle half▲ 72.0%€29,080below the sector's middle half▲ 66.2%
Debt€6,585-€5,237▼ 20.5%€11,077▲ 112%
Working capital-€80below the sector's middle half-€4,031below the sector's middle half€5,151within the sector's middle half▲ 27.8%
Solvency35.3%within the sector's middle half-70.1%within the sector's middle half▲ 34.8pp61.9%within the sector's middle half▼ 8.2pp
Current ratio0.99below the sector's middle half-1.77within the sector's middle half▲ 0.781.69within the sector's middle half▼ 0.08
Return on assets (ROA)5.8%within the sector's middle half-49.6%above the sector's middle half▲ 43.8pp19.8%within the sector's middle half▼ 29.8pp
above
within
below
the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €28,020
Fixed assets
€15,378 ▲ 129%
Current assets
€12,643 ▲ 36.4%
Equity and liabilities €29,080
Equity
€18,002 ▲ 46.9%
Debt
€11,077 ▲ 112%
Debt's share of the balance-sheet total rises from 29.9% to 38.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€10,649▼
2024 · €12,535
Cash flow
€8,799▼
2024 · €10,181
Debt to equity
0.62▲
2024 · 0.43
ROE
31.9%▼
2024 · 70.7%
Interest coverage
30.24▼
2024 · 264.11
Debt ≤ 1 year
€7,492▲
2024 · €5,237
Debt > 1 year
€3,585
Income taxes
€1,542▼
2024 · €2,303
Staff costs
€669▲
2024 · €631
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.3%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Turnover70 | - | - | €24,558 | - |
| Non-recurring operating income76A | - | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €13,240 | - |
| Remuneration, social security and pensions62 | €584 | €631 | €669 | ▲ 5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €411 | €1,509 | €3,055 | ▲ 102% |
| Other operating charges640/8 | €348 | - | - | - |
| Gross operating margin9900 | €2,922 | €13,166 | €11,318 | ▼ 14.0% |
| Operating profit (loss)9901 | €1,579 | €11,026 | €7,594 | ▼ 31.1% |
| Financial income75/76B | - | €0 | €44 | ▲ 109,325% |
| Recurring financial income75 | - | €0 | €44 | ▲ 109,325% |
| Non-recurring financial income76B | - | €0 | - | - |
| Financial charges65/66B | - | €51 | €352 | ▲ 590% |
| Recurring financial charges65 | - | €47 | €352 | ▲ 642% |
| Non-recurring financial charges66B | - | €4 | - | - |
| Profit (loss) for the period before taxes9903 | €1,579 | €10,975 | €7,286 | ▼ 33.6% |
| Income taxes67/77 | €993 | €2,303 | €1,542 | ▼ 33.1% |
| Profit (loss) for the period9904 | €586 | €8,672 | €5,744 | ▼ 33.8% |
| Profit (loss) for the period to be appropriated9905 | €586 | €8,672 | €5,744 | ▼ 33.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €10,172 | €17,495 | €29,080 | ▲ 66.2% |
| Formation expenses20 | €1,990 | €1,525 | €1,059 | ▼ 30.5% |
| Fixed assets21/28 | €1,677 | €6,703 | €15,378 | ▲ 129% |
| Tangible fixed assets22/27 | €1,677 | €6,703 | €15,378 | ▲ 129% |
| Plant, machinery and equipment23 | €1,266 | €1,006 | €747 | ▼ 25.8% |
| Furniture and vehicles24 | €411 | €5,696 | €14,631 | ▲ 157% |
| Current assets29/58 | €6,505 | €9,267 | €12,643 | ▲ 36.4% |
| Amounts receivable within one year40/41 | €3,335 | €7,014 | €7,818 | ▲ 11.5% |
| Trade receivables40 | €3,335 | €7,014 | €5,364 | ▼ 23.5% |
| Other amounts receivable41 | - | - | €2,454 | - |
| Cash at bank and in hand54/58 | €3,131 | €1,986 | €4,376 | ▲ 120% |
| Deferred charges and accrued income490/1 | €39 | €267 | €448 | ▲ 67.8% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €10,172 | €17,495 | €29,080 | ▲ 66.2% |
| Equity10/15 | €3,586 | €12,258 | €18,002 | ▲ 46.9% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €586 | €9,258 | €15,002 | ▲ 62.0% |
| Amounts payable17/49 | €6,585 | €5,237 | €11,077 | ▲ 112% |
| Amounts payable after more than one year17 | - | - | €3,585 | - |
| Financial debts170/4 | - | - | €3,585 | - |
| Amounts payable within one year42/48 | €6,585 | €5,237 | €7,492 | ▲ 43.1% |
| Current portion of amounts payable after more than one year42 | - | - | €1,941 | - |
| Trade debts44 | €4,833 | €1,640 | €2,163 | ▲ 31.9% |
| Suppliers440/4 | €4,833 | €1,640 | €2,163 | ▲ 31.9% |
| Taxes, remuneration and social security45 | €1,106 | €2,770 | €3,388 | ▲ 22.3% |
| Taxes450/3 | €1,106 | €2,770 | €3,388 | ▲ 22.3% |
| Other amounts payable47/48 | €646 | €827 | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €586 | €8,672 | €5,744 | ▼ 33.8% |
| + Depreciation and write-downs630 | €411 | €1,509 | €3,055 | ▲ 102% |
| Operating cash flow (approximation) | €998 | €10,181 | €8,799 | ▼ 13.6% |
| Investment in fixed assets (approximation) | - | -€6,535 | -€11,730 | ▼ 79.5% |
| Change in cash | - | -€1,145 | €2,390 | ▲ 309% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Highest result since 2023net €8,672 ▲1,379%
Operating result €11,026, net result €8,672, both a record.
08-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Bertrix · 1 establishment unit since 2023
Ground area
2,872 m²
Building footprint
321 m²
Volume, LiDAR
2,707 m³
2 parcels, Wallonia · tallest building 10.3 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GM PRO CONCEPT
since 20232.339.988.804
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 84044D0256/00G000 | Wallonia | 2,365 m² | 1 · 213 m² | 10.3 m · 3 fl. |
| 84030B2213/00A000 | Wallonia | 507 m² | 1 · 108 m² | 10.2 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 11,573 companies in sector 71121 we hold annual accounts for 6,570. 3,826 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-12-2022
Fiscal year end30-09
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
02200Logging
41001General construction of residential buildings
43320Joinery installation
43350Other building finishing work
70200Business and other management consultancy
74999Other professional, scientific and technical activities
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0794978643
Registered
11-07-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.